SZO News and Press, DB Crude Oil Short ETN From 10/07/19

Welcome to the stagnate edition of Oil Markets Daily! EIA 914 last week was a bit of a surprise to us. It wasn't the fact that production in July was down relative to June. We knew GOM shut-in from hurricane was ~320k b/d in July, but it was the fact that overall production with the decl...

Presidents Macron and Rouhani. Source: Reuters. Iranian President Hassan Rouhani and President Trump agreed to a four-point document brokered by French President Emmanuel Macron in New York, which states: Iran will never acquire a nuclear weapon” and will “fully com...

In the final quarter of 2018, the price of crude oil plunged. The NYMEX crude oil market traded to its highest price in 2018 at $76.90 per barrel at the start of Q4 2018. By the end of December, the price had declined to 42.36, a drop of 44.9% over the three months. We are now in the final q...

On Wednesday, the U.S. Energy Information Administration ("EIA") released the latest Weekly Petroleum Status Report : Total Stocks , including the Strategic Petroleum Reserve ("SPR"), were relatively unchanged and decreased by just below one million barrels to 1.942 billion barrels or 33...

The US dollar is sensitive to data misses, and even though the ISM services PMI remains in expansion territory, the lower than expected index triggered a selloff of the greenback. The United States is not immune to recession fears even if it remains the developed economy with the strongest pac...

In this article, we examine the significant weekly order flow and market structure developments driving WTI's price action. As noted in last week's WTI Weekly , the primary expectation for this week was for price discovery lower, provided last week's buy excess, 55.25s-54.75s, failed. This ...

In the aftermath of the September attacks on Saudi oil facilities, Crown Prince Mohammed bin Salman (MbS) is in trouble. According to a recent article , “Something is rotten in the Kingdom of Saudi Arabia. Prince Mohammad bin Salman, also known as MbS, was once the ‘promising ...

The total count of U.S. active drilling rigs falls by 8 to 855 for a seventh consecutive decline, according to the latest Baker Hughes weekly survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, Energy stocks ...

By Owain Johnson and Jeff White On first glance, oil prices appear to have stabilized since the attack on the Saudi oil facilities at Abqaiq in mid-September, which led to a major surge in prices. But the crude oil options market is telling a different story: the energy industry remains ...

Vikram Mansharamani, president of Kelan Capital and author of Boombustology: Spotting Financial Bubbles Before They Burst , shared one of his favorite multi-lens indicators on Real Vision’s Expert View. The Skyscraper Index was first put forward by property analyst Andrew Lawre...